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Author: Luceo Admin

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Lighthouse Group plc launches Luceo Asset Management Limited New funds set to deliver better investment outcomes for the people of Middle Britain

Lighthouse Group plc (“Lighthouse” or “the Group”) is delighted to announce the launch of Luceo Asset Management Limited (“Luceo”), a wholly-owned subsidiary that will provide in- house investment solutions to the Group’s core customer base.

Luceo has been established to provide people all over the UK with a better way to invest for their future. Luceo’s investment solutions are specifically designed to be delivered by Lighthouse financial advisers, the preferred financial adviser for more than 6 million members of unions and affinity groups throughout the UK. This creates a seamless way for the people of Middle Britain to receive financial advice and have access to investment products that are designed to suit their needs. Luceo’s initial fund range, the Luceo Investment Funds (“the Funds”), will comprise three active multi manager funds (Luceo 4, Luceo 5 and Luceo 6) which are designed to deliver risk-targeted returns to investors. These funds sit within each of the three most popular risk bands for the Group’s customer base.

The Funds will be managed by Octopus Investments Limited (“Octopus”), an award-winning investment company with nearly £6 billion under management on behalf of more than 50,000 investors. The multi manager team at Octopus has managed risk-targeted portfolios since 2008 and has established an impressive track record over that period. The Funds will be available initially through a newly established platform relationship with Zurich. Branded the ‘Lighthouse Zurich Platform’, the new service will provide advisers and their clients with instant access to, and transparency of, operation over this range of funds on terms bespoke to Lighthouse and its clients. Zurich was chosen as a partner for its economic strength, long-standing reputation in the market and commitment to supporting the intermediary community. The performance of the Funds will be regularly monitored and reviewed by the Luceo investment committee. This committee is made up of experienced investment professionals, with an independent chairman, ensuring that the interests of customers are always at the front of mind. Lighthouse currently places around £900 million of new investments each year on behalf of clients, a proportion of which flows into multi-manager funds.

Malcolm Streatfield, Group Chief Executive of Lighthouse Group plc, commented:

“We are delighted to launch Luceo Asset Management and to add the Luceo Investment Funds to our already well established range of financial solutions for Middle Britain. The introduction of the Luceo Investment Funds will provide appropriate, high-quality investment solutions to our clients, and we expect them to prove to be very attractive to the Group’s customers and advisers. We look forward to extending the Luceo investment range further in the future.”

“We are pleased to be working in conjunction with Octopus Investments and Zurich in launching these funds and look forward to delivering value to our customers, advisers and other stakeholders.”

“By establishing Luceo Asset Management, and delivering investment funds that are specifically designed for use by Lighthouse financial advisers, Lighthouse is deepening the relationship between financial advice and investment management, which will deliver better outcomes for its customers.”

“Lighthouse was clear about what it wanted from the investments it recommends to its clients. Consistency, reliability, and complete focus on delivering the outcome the customer expects. At Octopus, we pride ourselves on managing investment products that do what we say they will, so we were delighted to be appointed as the investment manager of the Luceo Investment Funds.”

David White, Managing Director – Retail, Zurich UK Life, commented:

“Zurich has enjoyed a long-standing relationship with the Lighthouse Group and we are delighted that they have selected us to be at the heart of their new investment solution. As one of the fastest growing investment platforms in the UK today, this latest five year agreement reinforces our commitment to Lighthouse, the advisory market and leading distribution groups.”

About Lighthouse Group:
As one of the UK’s largest autonomous financial advice and wealth management groups, Lighthouse provides a comprehensive range of services to businesses and individuals and is retained by most of the major trades unions and other affinity groups to advise their combined memberships of over 6 million members.

Lighthouse has been listed on AIM (LGT) since 2000 and presents an integrated financial services company for investors, coupled with significant scale in terms of distribution through financial advisers and wealth managers and its fully diversified business model. The Group aims to increase its relationships with and the benefits it derives from, its relationships with affinity groups and professional partners. Lighthouse operates from its headquarters in London as well as having principal operating offices in Stockport and Woodingdean, near Brighton.

Lighthouse Group Plc (LON:LGT) CEO Malcolm Streatfield talks to DirectorsTalk about the launch of Luceo Asset Management. Malcolm provides more detail, explains what this means for the company, explains how the relationships formed with Zurich and Octopus and provides some insight into how the company has performed so far this year.

At Luceo Asset Management, we believe high quality investment portfolios should be available to everyone, not just the very wealthy, or those with financial knowledge and past investment experience. We’re giving people from all walks of life access to investments made to suit their needs. Below are statements from the CEO of Lighthouse Group and Octopus Investments.

“With Luceo Asset Management, we’re helping people of all ages by deepening the relationship between financial advice and investment management. Octopus has been selected to manage these investments and they are an integral part of this approach.”

Malcolm Streatfield, CEO – Lighthouse Group

“People need consistency and reliability from their investments. At Octopus we only design products that we believe will do what we say they will. This investment approach has served our investors well down the years.”

Simon Rogerson, CEO - Octopus.

“Lighthouse financial advice is tailored to deliver results and value. With the Luceo Asset Management funds you can feel comfortable that you’re gaining access to an investment capable of delivering a result that is appropriate for you.”

For general enquires call: 0333 000 0330

ABOUT US

Luceo Asset Management does not offer investment advice or make recommendations regarding investments. The contents of this website have been approved by Lighthouse Advisory Services Limited (firm number 195199) which is authorised and regulated by the Financial Conduct Authority. Both are wholly owned subsidiaries of Lighthouse Group Plc.

Risk Warning

Your capital is at risk. Investments can fluctuate in value and you may get back less than you invest. Past performance is not a guide to future performance. Tax rules can change at any time.